Week in pictures

The Halifax announced the biggest one-month jump in house prices in more than six years today as fresh evidence emerged of the impact of record low interest rates on the property market. Photograph: Christopher Furlong/Getty

Bradford & Bingley has begun an urgent search for a "shit hot" chief executive after Steven Crawshaw was taken seriously ill at work last week as the bank realised its profits were being dented by the worsening housing market. Read the article Photograph: David Devins/Newscast

The oil price rebounded after Opec announced a surprise cut in production in an attempt to halt the recent decline in the cost of a barrel of crude. Having fallen by almost 30% in the last two months to the fringes of the symbolic $100 mark, US crude jumped back above that level Photograph: Linda Nylind/Guardian

'When the big banks met Mervyn King in March, they wanted him to lend taxpayers' money against much flakier assets than would normally be considered acceptable ...' Photograph: David Parkins /David Parkins

Ryanair has warned that the high cost of oil will force it to raise fares by around 5% this year. (Read the article) Photograph: Anne-Christine Poujoulat/AFP

Giovanni Bisignani, director general and chief executive of the International Air Transport Association, said that the industry is struggling for survival. Read the article Photograph: PR/PR

The German engineering group Bosch is to buy a solar energy company for €1.1bn (£864m) in a move likely to lead to further consolidation in the world's biggest solar power market. Read the article Photograph: Waltraud Grubitzsch/EPA

Specialist magazines publisher Future has unveiled a deal with technology giant Sony to deliver the first monthly digital magazine via gaming consoles. Read the article Photograph: PR

A new mobile phone service aimed at the UK's burgeoning eastern European community has been unveiled as part of a drive by the new boss of Orange, Tom Alexander, to expand the UK's third largest network into new markets Photograph: David Devins/Newscast

The British economy is entering a period of "significant downswing" and will grow even more slowly in 2009 than this year as house prices fall further, the Organisation for Economic Cooperation and Development warned. Read the article Photograph: Dominic Lipinkski/PA

Supermarket chain Wm Morrison has reported a slowdown in sales growth but remains the fastest-growing food retailer within the 'Big Four'. Read the article Photograph: Newscast

Silverjet, the most high-profile victim of the oil squeeze in the British airline industry, is attempting an audacious comeback from administration under chief executive Lawrence Hunt. Read the article Photograph: PR